#299 Vancity

#299 Vancity

IndustriesBanking and Financial Services

Founded1946

CountryCanada

President and Chief Executive OfficerTamara Vrooman

Employees2,627

HeadquartersVancouver, British Columbia

As of Jan 29, 2019

Vancity is a values-based financial cooperative, headquartered in Vancouver, British Columbia. With $18.6 billion ($13.5 billion USD) in assets and more than half a million members, the co-op operates 59 branches in Metro Vancouver, the Fraser Valley, Victoria, Squamish, and Alert Bay. Vancity has upwards of 2,500 employees and is Canada’s largest private sector Living Wage Employer, meaning they pay all company employees and contracted workers at least $20.68 ($15.08 USD) per hour. Founded in 1946, Vancity is now the

country’s largest community credit union and the first financial institution in Canada to offer mortgages to women without a male co-signor.

We've issued a new Buy alert on a mid-cap bank doing business in Argentina. Historically, this Buy signal has generated a 6.2% return over a 3 month holding period (or 24.8% annualized) and is accurate 59.9% of time.

A series of interviews with innovators operating at the intersection of consumer behavior and business transformation: Husayn Kassai, co-founder and CEO, Onfido, the digital identity verification company.

Armchair investors coulda turned down tech then as overpriced just by looking at five-year comparisons of price-to-revenues metrics. Anyone who pays more than two times the growth rate for anything is bound to incur severe heartburn. Overvaluation in tech took some 25 years to correct.

The LGBT community faces many challenges, even today after gaining marriage equality. Those challenges are evident in our financial conditions and actions. We highlight five of them on this Queer Money® episode and three solutions.

The threat of a catastrophic cyberattack is the biggest risk to the U.S. financial system, Fed Chairman Jerome Powell said recently. And while defenses have improved, they are likely not enough to keep up with the evolving threat of what, some experts say, has to be viewed as war.

The focus today is on the Fed, but don’t forget global trade. The FedEx results last night help put trade back in focus, as the company cited weaker global trade growth as one reason for a disappointing quarter.

New digital technologies are eliminating labor-intensive processes and threatening the development strategies of many poor countries. But these countries can now embrace 3D printing and build competitive factories -- leapfrogging infrastructure deficits as they've done with cellphone technology.

J.P.Morgan plans to enter into nine new U.S. markets and 30% of the branches will be in low to moderate income areas. Even though we live in a digital financial society, just how valuable are physical bank branches when it comes to closing the wealth gap?

Jamie Siminoff rejoins the tank in an episode with two very different kinds of gifts for kids, a system to block and tease telemarketers, and a meat subscription box that helps you support family farms.

In response to the work of the China Tribunal, British Parliamentarians decided to take steps to shine more light on the issue and engage the UK Parliament and Government in debates in pursuit of the truth.

With European Parliament Elections around the corner, 85% of European citizens think that the existence of fake news is a problem in their country and 83% say that it is a problem for democracy in general. The EU has spotted the threat and adopted a set of actions to combat online disinformation.

For years the greatest concern anyone had about nuclear power in the Gulf was how it might help with Tehran’s alleged pursuit of atomic weapons. Nowadays it is two of the region’s Arab monarchies that are causing anxieties.

Just as the FCPA drove investors to formalize their corruption due diligence programs, Europe’s GDPR and China’s Cyber Security Law--alongside a raft of new data protection regulations globally--are beginning to drive a requirement for cyber due diligence.